London
This coverage focuses on retail activity, trends, and developments in London, a central hub of the UK retail industry. Reporting highlights flagship store openings, property developments, regional economic factors, consumer behaviour, and strategic moves by both international and domestic brands. Tailored for retail executives and managers, it offers insights into operating and competing in one of the world’s most dynamic retail markets.
-
Jun- 2022 -20 JuneNews
Footfall rises 4% as heatwave sweeps across UK
Footfall across UK retail destinations rose by +4.1% last week from the week before, with the largest rise of +5% in high streets, according to Springboard. Footfall aslo in retail parks rose by +2.5% and by +3.7% in shopping centres. On Saturday footfall in high streets declined by -7.6% whilst…
Read More » -
20 JuneDepartment Stores
Black Pound Day to launch permanent store in Westfield London
Black Pound Day, a movement for black-owned businesses in the UK, has launched its first permanent store in Westfield London, where more than 70 black owned businesses will be able to sell their products. It will be opening the doors to its storefront on 25 June in Westfield London, following…
Read More » -
16 JuneHigh Street
West End landlords Shaftesbury and Capco agree £5bn merger
Capital and Counties Properties PLC (Capco) and Shaftesbury have announced they have reached an agreement for an all-share merger, valuing the combined group’s portfolio at £5bn with annualised gross income of approximately £165.5m. Under the terms of the agreement, the Capco Group will own 100% of the issued and to…
Read More » -
16 JuneHealth & Beauty
THG rejects ‘undervalued’ takeover approaches
THG has announced it has rejected all unsolicited proposals for the company deeming them to be “unacceptable” and to “significantly undervalued the company”. In a statement released this morning ( 16 June) it said that as confirmed in the company’s preliminary FY 2021 results on 21 April 2022, THG has…
Read More » -
14 JuneSupermarkets
Lidl to take Tesco to court over logo battle
Supermarket rivals Lidl and Tesco are set to face off in court after the German budget retailer claimed the ‘Big Four’ grocer is using the background of its trademarked logo to promote its Clubcard discounts. Lidl has said its background, a blue square containing a yellow circle with a thin…
Read More » -
14 JuneHigh Street
WFH shift may ‘permanently scar’ high streets, experts warn
The shift to working from home amid the pandemic has allegedly caused “permanent scarring” to the UK’s high streets as workers continue to stay away from city centres, Springboard has told the Telegraph. Speaking to the paper, Diane Wehrle, chief executive of the retail insights group, said footfall in towns…
Read More » -
13 JuneHigh Street
IKKS Paris launches UK expansion with two stores
French fashion and lifestyle brand IKKS Paris has opened two London stores in Carnaby Street and Kings Road, marking the brand’s entry into the UK. The first shop is located at 3 Carnaby Street, a 2,610 sq ft flagship spanning two floors with a full collection of womenswear, menswear, and…
Read More » -
13 JuneSupermarkets
Morrisons becomes highest paying supermarket in UK
Morrisons has announced it is set to raise its minimum pay to £10.20 an hour, making it the highest paying UK supermarket for store employees. In addition to the increase, the group pledged to pay a London location supplement of £0.85 per hour to all stores within the M25, taking…
Read More » -
13 JuneEconomy
Almost 650,000 UK retail jobs lost since 2017
Almost 650,000 jobs have been lost in the UK’s retail sector over the past five years, according to new figures from a study conducted by the Centre for Retail Research. The study found that 645,204 retail jobs have been lost and 72,570 shops were closed across the whole country in…
Read More » -
10 JuneHealth & Beauty
THG to gift shares to 500 staff
Online beauty retailer THG has announced it is to gift shares to 500 of its employees. The Manchester-based firm said it will reward the selected members of staff below executive level subject to “achievement of various targets”. THG said an application has been made to the Financial Conduct Authority (FCA)…
Read More »
